QuickLogic (QUIK) Set to Announce Quarterly Earnings on Monday

QuickLogic (NASDAQ:QUIK) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 11th. Analysts expect QuickLogic to post earnings of ($0.05) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

QuickLogic (NASDAQ:QUIK) last announced its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $4.13 million during the quarter, compared to analysts’ expectations of $4.50 million. QuickLogic had a net margin of 7.38% and a return on equity of 9.56%. During the same quarter in the previous year, the business posted ($0.17) EPS. On average, analysts expect QuickLogic to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

QuickLogic Stock Performance

Shares of QUIK opened at $8.02 on Friday. The stock has a 50-day simple moving average of $7.86 and a 200-day simple moving average of $10.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.21. The stock has a market capitalization of $116.05 million, a PE ratio of 66.84 and a beta of 1.56. QuickLogic has a 1 year low of $7.01 and a 1 year high of $20.75.

Analyst Upgrades and Downgrades

QUIK has been the subject of several recent research reports. StockNews.com cut QuickLogic from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Craig Hallum decreased their price objective on QuickLogic from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Oppenheimer decreased their price objective on QuickLogic from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th.

Insider Transactions at QuickLogic

In other news, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the vice president now owns 104,934 shares of the company’s stock, valued at approximately $885,642.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Timothy Saxe sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the vice president now owns 104,934 shares of the company’s stock, valued at approximately $885,642.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elias Nader sold 4,458 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $7.42, for a total value of $33,078.36. Following the sale, the chief financial officer now directly owns 52,740 shares in the company, valued at $391,330.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,202 shares of company stock valued at $378,653. Corporate insiders own 2.49% of the company’s stock.

About QuickLogic

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.